30% of UK Firms Hit by Crypto Mining Malware in a Month: Survey
Almost a third of UK companies said they were suffering from cryptanalytic mine malware last month, according to a new study.
In a Citrix-issued survey, nearly 60 percent of responding companies said they had discovered the mining malware of their systems in the past six months, although they had the majority of cases (about 80 percent).
According to ZDNet, 60 percent of infected companies have experienced infection of less than 50 computers and that one-tenth is likely to have hosted illegal mine codes, according to the study.
Encrypting mining malware, which has been popular among cybercriminals since last year, is a hidden software that exploits the ability to handle hidden Crypto calls infected by the victim's device. The mining code can be hidden within the website to tap the visitor's device for the same purpose.
According to a recent report, ransomware was the most popular tool in the online malware box last year, but illegal miners now account for 32% of all malicious code attacks.
Mining Malware is not always easy to find. Surveys show that network monitoring software found malicious code in more than a third, but company employees showed similar figures and 16 percent found intrusions when the device was significantly degraded.
While this figure emphasizes the need for companies to take action to address the rapidly increasing threat of malicious miners, research shows that one-fifth of businesses have not done so yet.
Recently Kaspersky Lab has reported that new types of decryption malware are spreading through corporate networks in countries like India, Brazil, Colombia and Turkey. "Miners can" spread out over a large corporate network that can be secretly seated in the system and infected by both workstations and servers, "Kaspersky said.
Another attack reported this month by security vendor Trustwave is targeting MicroTik routers and has installed Coinhive mining software on more than 17,000 devices, mostly in Brazil.
Malware image through Shutterstock
CoinDesk, a leader in block-chain news, is a media outlet that pursues the highest standards of journalism and adheres to strict editorial policies. CoinDesk is an independent operating subsidiary of the Digital Currency Group, which invests in cryptocurrencies and block-chain startups.
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